"Greedflation" has gone too far!

[Bananington]

Humans really don't have satisfaction in their possessions, they always want more than what they get and if they get an opportunity like that no human misses it even though they already have everything.

Enough is not enough again, Greed has increased and will increase, as people and companies see how much more comfortable and powerful sufficient money makes them, there is always the desire for more. Companies and individuals will want to increase their profit even if they are not doing poorly financially. Things are difficult currently economically, but a few people and a few companies with sufficient money are not disturbed by the changes because they have the money to adjust accordingly to the changes. Every person and company like to be in that kind of comfortable position, so at any opportunity to make money, they try to make the most profit.

[Dickiy]

There isn't anything that can stop these guys to make more money. No matter how rich they become, they will still find a need to make more money and to hoard them. The words 'too much' don't mean anything to them so long as they are filling their pockets and vaults. The money also goes around on the top 1% people and companies, and only a portion of that money ever comes down to us mere onlookers and watchers on this chess game that they are having. Add to that, they are being protected by the governments because of the potential crisis they could cause to the industry. Talk about being loved and cared dearly by the powers that be. 

With the meaning that they will never feel enough with what they already have, situations where they have the opportunity to make more profits will be the target of those at the top level, they don't worry about anything other than not getting more money to pile up and being a person who has greater influence even against the government though, they want to control everything with money so if there are still people who are above them who are richer there will be competition over who will be the richest person, it becomes an obsession for a row of rich people.

[kaseygriffin]

(...)

There's nothing wrong if you want to be rich since it's a satisfaction to the others so that they can buy what they want anytime. But just like what you said there are things that money can't buy like feelings, friends, and health, but without money or lack of enough money won't get you far away in life either.

So the question when is enough is subjective IMO since not everyone of us have the same goal but when there's a greed attached to your ambition that's the time enough never existed in your life.

There is no word enough to be rich because if someone has a lot of wealth, he wants more wealth and that is natural because the desire to collect more money will arise when we have succeeded in getting money.

I agree that there are things that money can't buy so we have to realize that, at that point, money is of no use at all. We just hope that with money, we can make ends meet and with friends and family, we can feel happy and enjoy life.

And when greed comes to you, you have to be able to overcome it. Otherwise, you will never have enough of what you have because you want more.

And that is your own view, do you wonder that the world's billionaires have a lot of money and they still want to make more money. In my opinion, it is not the story of how they make money, when they reach a threshold that is considered successful, the money will come to them. And the so-called enough that I mentioned is different from the material value that you understand, I agree that the pursuit of money in the process of self-development is a necessity because we live in a community of need. It takes effort and building, and meeting personal needs and sharing with everyone around are things that I think are self-evident truths that each of us will experience.

[iv4n]

...

hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

He can't... Just a hand full of people thinks about Palestine and many other "hot spots" around the world. Far from the eyes far from the heart!

His posts completely miss the point of this thread, but he is in a "difficult situation" and I understand that. I live in fucked up place that has a crazy history... when you think about it don't we all!? But some people just read about it and some felt it. Depends on what happened and when & where.

But it's the 21st century, and we should be more aware "of things around us" than people who lived decades and centuries before. But that's not the case...

[DrBeer]

...

hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

He can't... Just a hand full of people thinks about Palestine and many other "hot spots" around the world. Far from the eyes far from the heart!

His posts completely miss the point of this thread, but he is in a "difficult situation" and I understand that. I live in fucked up place that has a crazy history... when you think about it don't we all!? But some people just read about it and some felt it. Depends on what happened and when & where.

But it's the 21st century, and we should be more aware "of things around us" than people who lived decades and centuries before. But that's not the case...

Why can't I? And why "His messages do not correspond to the essence of this thread at all"? I gave an excellent example of the very inflation that did not appear yesterday. And not only because of the desire to primitively increase the cost of goods, because "this is the work of the capitalists. I showed that this action can have another implementation, and not only "capitalists" but also classical "philanthropic" socialists can indulge in this
But perhaps you are simply not ready to hear that this process can be initiated not only by the world of capital, but also by "humanists"? Unfortunately, the world is not so simple...

Did you also want to talk about Palestine?

[Baoo]

Humans really don't have satisfaction in their possessions, they always want more than what they get and if they get an opportunity like that no human misses it even though they already have everything.

Enough is not enough again, Greed has increased and will increase, as people and companies see how much more comfortable and powerful sufficient money makes them, there is always the desire for more. Companies and individuals will want to increase their profit even if they are not doing poorly financially. Things are difficult currently economically, but a few people and a few companies with sufficient money are not disturbed by the changes because they have the money to adjust accordingly to the changes. Every person and company like to be in that kind of comfortable position, so at any opportunity to make money, they try to make the most profit.

Good point. Unfortunately people by nature are greedy, they be taking unplanned and idiotic risks to make un guaranteed profit. And to be honest, we cannot overcome this issue,  It is actually widespread in  the entire crypto field. That’s why rate of fraud is getting bigger by time. In fact, the scammers always hunt the greedy crypto users most of them are newbies. They be using some tricks to manipulate them. In my opinion, the more Bitcoin will go up, the more greed rate will increase, and the more people will get deceived.
Otherwise, having a great self-control is definitely needed and essential especially in sudden tough moments such as Bear run.

[iv4n]

...
Why can't I? And why "His messages do not correspond to the essence of this thread at all"? I gave an excellent example of the very inflation that did not appear yesterday. And not only because of the desire to primitively increase the cost of goods, because "this is the work of the capitalists. I showed that this action can have another implementation, and not only "capitalists" but also classical "philanthropic" socialists can indulge in this
But perhaps you are simply not ready to hear that this process can be initiated not only by the world of capital, but also by "humanists"? Unfortunately, the world is not so simple...

Did you also want to talk about Palestine?

According to some data, it allegedly reached its maximum in January 1994 - 5,578,000,000,000,000,000 percent (5.578 trillion) or about 113 percent per day. Prices raised by 313 million percent.

I was nine at that time... 5 years after NATO bombs were falling on our heads, and new sanctions again. So tell me more about inflations and sanctions, and endless lines of people waiting to buy bread.
But nevertheless, the times like any other time, some people had a lot and many didn't have basics, capitalism is always present, it's that greed in all of us... we want to show off, and we want to have more than others. And it's the point of this topic, about that greediness and how some people are ready to "walk on dead bodies" and "kill nature around" just to make more money! I guess we have those people in every country in this world, in yours and mine, and in all others that you like or you don't like (hate).

We can talk about Palestine, and I would like to hear your honest opinion about the situation there. I didn't mention Palestine, but that's a nice example. In your comments, I didn't see that you condemned other aggressions that happened or are happening, except the one you feel on your skin. I don't like those double standards! I see it every day, it's nothing new, I am surrounded by that my entire life... I live in fucked up "Balkan Peninsula".

[DrBeer]

...
Why can't I? And why "His messages do not correspond to the essence of this thread at all"? I gave an excellent example of the very inflation that did not appear yesterday. And not only because of the desire to primitively increase the cost of goods, because "this is the work of the capitalists. I showed that this action can have another implementation, and not only "capitalists" but also classical "philanthropic" socialists can indulge in this
But perhaps you are simply not ready to hear that this process can be initiated not only by the world of capital, but also by "humanists"? Unfortunately, the world is not so simple...

Did you also want to talk about Palestine?

According to some data, it allegedly reached its maximum in January 1994 - 5,578,000,000,000,000,000 percent (5.578 trillion) or about 113 percent per day. Prices raised by 313 million percent.

I was nine at that time... 5 years after NATO bombs were falling on our heads, and new sanctions again. So tell me more about inflations and sanctions, and endless lines of people waiting to buy bread.
But nevertheless, the times like any other time, some people had a lot and many didn't have basics, capitalism is always present, it's that greed in all of us... we want to show off, and we want to have more than others. And it's the point of this topic, about that greediness and how some people are ready to "walk on dead bodies" and "kill nature around" just to make more money! I guess we have those people in every country in this world, in yours and mine, and in all others that you like or you don't like (hate).

We can talk about Palestine, and I would like to hear your honest opinion about the situation there. I didn't mention Palestine, but that's a nice example. In your comments, I didn't see that you condemned other aggressions that happened or are happening, except the one you feel on your skin. I don't like those double standards! I see it every day, it's nothing new, I am surrounded by that my entire life... I live in fucked up "Balkan Peninsula".

1. I heard you. Ok, let's take a look then. What preceded what you described? I don't think that everything was good, everything was quiet and peaceful. And then suddenly bang, and just like that - they started bombing and imposing sanctions? Or have I missed something? Help me figure it out: you, in the first person, a direct participant in these events, can you tell what the chronology of events was before the events you voiced? I will not bother you with Wikipedias and all sorts of protocols of international organizations, I want to hear from you. All in attention, waiting for your answer!

2. By the way, and a question on the topic: if capitalism is the root of evil and "wild inflation", then why do "independent economies free from capitalism countries" have problems, and why, in fact, they all have an extremely low standard of living, although they refused both capitalism and from the dollar, and conduct economic relations only with their own kind? Also very interesting

3. Well, about "our greed." You're trying to bring everyone to the same level in vain. There are people who have nothing, because of their personal low level, but they want to look successful and rich. They buy expensive things, phones, cars ON CREDIT. And then they themselves generate their poor life in debt and .. INFLATION.

And there are quite wealthy people who have everything necessary for life, but they do not strive to build a golden palace for themselves, or necessarily own a super-premium car or their own private jet or yacht.

Tell me - who generates inflation more - a person who consumes moderately, or one who forms an artificial image for himself, buying at a very high price (unlike the real market), very expensive things, generating empty added value?

[Theones]

.....
hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

First of all, thank you for your interest, and deep study of my posts
Secondly, I’ll clarify - I mentioned the USSR where it was appropriate and in essence. But not everywhere where I just "so wanted."

What does Palestine have to do with "greedy inflation" is a mystery to me. But if you want to open this topic - I will listen to you with pleasure, additional knowledge, if it really carries value, will never hurt. And so - I am ready to carefully study your information on the topic "greedy inflation and Palestine"!

There are a lots of point - we can discuss!
I meant to say there is so much going on in the other part of the world and mostly the superpowers are behind this. They advocate peace and destroy it to recreate it. That was my opinion about it. Just a simple point.

[Cryptock]

...
Why can't I? And why "His messages do not correspond to the essence of this thread at all"? I gave an excellent example of the very inflation that did not appear yesterday. And not only because of the desire to primitively increase the cost of goods, because "this is the work of the capitalists. I showed that this action can have another implementation, and not only "capitalists" but also classical "philanthropic" socialists can indulge in this
But perhaps you are simply not ready to hear that this process can be initiated not only by the world of capital, but also by "humanists"? Unfortunately, the world is not so simple...

Did you also want to talk about Palestine?

According to some data, it allegedly reached its maximum in January 1994 - 5,578,000,000,000,000,000 percent (5.578 trillion) or about 113 percent per day. Prices raised by 313 million percent.

I was nine at that time... 5 years after NATO bombs were falling on our heads, and new sanctions again. So tell me more about inflations and sanctions, and endless lines of people waiting to buy bread.
But nevertheless, the times like any other time, some people had a lot and many didn't have basics, capitalism is always present, it's that greed in all of us... we want to show off, and we want to have more than others. And it's the point of this topic, about that greediness and how some people are ready to "walk on dead bodies" and "kill nature around" just to make more money! I guess we have those people in every country in this world, in yours and mine, and in all others that you like or you don't like (hate).

We can talk about Palestine, and I would like to hear your honest opinion about the situation there. I didn't mention Palestine, but that's a nice example. In your comments, I didn't see that you condemned other aggressions that happened or are happening, except the one you feel on your skin. I don't like those double standards! I see it every day, it's nothing new, I am surrounded by that my entire life... I live in fucked up "Balkan Peninsula".

Does the memory from the past still haunts you?
Do you remember how NATO changed your life as a child?

[og kush420]

...

hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

He can't... Just a hand full of people thinks about Palestine and many other "hot spots" around the world. Far from the eyes far from the heart!

His posts completely miss the point of this thread, but he is in a "difficult situation" and I understand that. I live in fucked up place that has a crazy history... when you think about it don't we all!? But some people just read about it and some felt it. Depends on what happened and when & where.

But it's the 21st century, and we should be more aware "of things around us" than people who lived decades and centuries before. But that's not the case...

Why can't I? And why "His messages do not correspond to the essence of this thread at all"? I gave an excellent example of the very inflation that did not appear yesterday. And not only because of the desire to primitively increase the cost of goods, because "this is the work of the capitalists. I showed that this action can have another implementation, and not only "capitalists" but also classical "philanthropic" socialists can indulge in this
But perhaps you are simply not ready to hear that this process can be initiated not only by the world of capital, but also by "humanists"? Unfortunately, the world is not so simple...

Did you also want to talk about Palestine?

I think it is also a good suggestion to add other examples here too how the poor country world has been victim of greed and power.
Let's not forget all the trouble been caused to world in the name of war against terrorism

[DrBeer]

....
I think it is also a good suggestion to add other examples here too how the poor country world has been victim of greed and power.
Let's not forget all the trouble been caused to world in the name of war against terrorism

I absolutely support this, really, good idea!
But with a small addition - we will analyze each case, to find out the truth, or at least the real root causes? To understand what exactly, really became the causes of the tragedy, problems, recession and other things? It’s just that now it’s “in trend” when you don’t want to tell the truth, but you want to keep the conversation going - wishful thinking. Therefore, I am absolutely for, but we raise historical facts and analyze each situation. I am sure that we will make many unexpected and sometimes not pleasant "discoveries".
Where do we start?

[Theones]

....
I think it is also a good suggestion to add other examples here too how the poor country world has been victim of greed and power.
Let's not forget all the trouble been caused to world in the name of war against terrorism

I absolutely support this, really, good idea!
But with a small addition - we will analyze each case, to find out the truth, or at least the real root causes? To understand what exactly, really became the causes of the tragedy, problems, recession and other things? It’s just that now it’s “in trend” when you don’t want to tell the truth, but you want to keep the conversation going - wishful thinking. Therefore, I am absolutely for, but we raise historical facts and analyze each situation. I am sure that we will make many unexpected and sometimes not pleasant "discoveries".
Where do we start?

good point mentioned Dr Beer - I always read what you write - you have great wealth of knowledge and you have aa deep insight too.
I like the way you respectfully state your point and opposition too.

[Alpha Marine]

This happens on all levels, not just in big corporations. If you look at the local vendors, the same thing happens.
Whenever there is a little surge in the price of goods, vendors look for different ways to exploit it. They use that same as an excuse to increase the price of whatever commodity or service they offer.
I think that is what capitalism is. I mean, it was not meant to be perfect, everything can be exploited that is why there are regulations.
Greeed plays a vital role in the encouragement of this exploitation. Humans are greedy and looking for ways to get the better of others.

[YUriy1991]

Yes, it is human nature and i agree that it is not good and even harmful to society, although some others believe it is personal freedom and the right to accumulate wealth.

Regarding the term "Greedflation" my view refers to the idea that companies inflate their prices excessively to maximize profits, leading to a vicious cycle of inflation and greed, however I think that the current trend of rising costs and record profits is actually a natural result of capitalism because in the market In a competitive environment, businesses try to maximize their profits by cutting costs and increasing revenue.

That is, when costs rise, businesses find ways to offset those costs by raising prices or taking cost-cutting measures. Obviously, this can lead to increased profits despite the challenges of inflation. But, we have to admit there are also other benefits of the capitalist system in being able to promote innovation, efficiency and growth even though it may seem counterintuitive.

[Theones]

Yes, it is human nature and i agree that it is not good and even harmful to society, although some others believe it is personal freedom and the right to accumulate wealth.

Regarding the term "Greedflation" my view refers to the idea that companies inflate their prices excessively to maximize profits, leading to a vicious cycle of inflation and greed, however I think that the current trend of rising costs and record profits is actually a natural result of capitalism because in the market In a competitive environment, businesses try to maximize their profits by cutting costs and increasing revenue.

That is, when costs rise, businesses find ways to offset those costs by raising prices or taking cost-cutting measures. Obviously, this can lead to increased profits despite the challenges of inflation. But, we have to admit there are also other benefits of the capitalist system in being able to promote innovation, efficiency and growth even though it may seem counterintuitive.

business are going down - I have read the business recorder and almost all the businesses are going down.

[iv4n]

1. And then suddenly bang, and just like that - they started bombing and imposing sanctions? Or have I missed something?

And just like that... a few of us went to Mcdonald's that evening. On the way home we heard the sirens for the first time... I still remember that beating when I got home a few hours later.

You missed a lot of things as always. And I am not sure what I get into discussions with you when you are a "one-sided man". You justify crimes if that works for you. For me, all criminals should be punished... but in reality, the biggest criminals always get away, in all parts of the world. When you understand that maybe you will start seeing this world from another perspective.

It's not all about the money and weapons, about being a stronger or superior one... can we all have a normal and peaceful life in this world or not? Do all people in this world have the right to life or does it only apply to the chosen ones?

I will not get deeper in discussion with you, you need to expand your views. If you ever visit Serbia, or you decide to visit Serbia, I am here for you. I will show you the history since Emperor Constantine, and even earlier if you want. Balkan is a beautiful place despite all the shit that happened here.

[Lida93]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

Corporations, particularly in developed economies like the U.S. and U.K., have used rising raw material costs amid the pandemic and the war in Ukraine as an “excuse” to raise prices and expand profit margins to new heights, he said

This has been the new excuses used by these greedy capitalists to extort consumers with high prices in every goods even home grown goods are still giving a raised price as the foreign that we don't even know which is imported anymore. And such greed can lead to a revolt by consumers when they no more could bear the lot especially when there's no responsive increment in the salaries and income .

With all these situations going on it's very natural that I can imagine now why the likes of Karl Marx described capitalism as  evil.

[slapper]

1. And then suddenly bang, and just like that - they started bombing and imposing sanctions? Or have I missed something?

And just like that... a few of us went to Mcdonald's that evening. On the way home we heard the sirens for the first time... I still remember that beating when I got home a few hours later.

You missed a lot of things as always. And I am not sure what I get into discussions with you when you are a "one-sided man". You justify crimes if that works for you. For me, all criminals should be punished... but in reality, the biggest criminals always get away, in all parts of the world. When you understand that maybe you will start seeing this world from another perspective.

It's not all about the money and weapons, about being a stronger or superior one... can we all have a normal and peaceful life in this world or not? Do all people in this world have the right to life or does it only apply to the chosen ones?

I will not get deeper in discussion with you, you need to expand your views. If you ever visit Serbia, or you decide to visit Serbia, I am here for you. I will show you the history since Emperor Constantine, and even earlier if you want. Balkan is a beautiful place despite all the shit that happened here.

Ah, your convictions on this issue resemble a cryptic code, both powerful and intriguing. I comprehend your stance but urge the consideration of diverse outlooks. Indeed, "a coin bears two faces."

Undeniably, promoting peace and comprehension is vital, like unveiling the ancient secrets of humanity. We often dwell in our enigmatic chambers, oblivious to the grand tapestry. United, transcending disparities, we shall conquer remarkable feats.

As for Serbia, a land of profound heritage and tradition, a visit beckons. Perhaps we shall prolong our intellectual exchange amidst the aroma of coffee or the warmth of rakija.

[YUriy1991]

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

the concept they use behind it is economic growth, they always use that word ("economic growth") for all purposes of deception like printing money, or fiat. because the fiat circulation supply is out of control then there is inflation. Greedflation is happening after they print money for stimulus strategy but they didn't think of the effect after.

I don't surprise the next time there will be new words besides Greedflation, maybe the next viral is Whalesflation.

Hahahaha that's an interesting word to be added next to the dictionary  . Anyway, they kept using those words "economic growth" or something similar to lure people into saving more money or for them to actually sold out all those money like they are offering some kind of valuable treasure. They wanted people to think that more money means more influence. It is partially true that someone who has more money has more influence and more power over the other, that is when the term "greed" enters, since both parties wants the authority and influence, they will keep competing without thinking what trap they have fallen into. It just feels like a game that only those boss monsters are fighting while those low-level players (average income to low income) get affected and suffers tremendously.

Even if what I have said is just my own speculation, there's no need to see the proofs to notice what our society has become because of that competition, and I am sure that you guys have noticed that too.

Indeed, the term "Greedflation" is a fitting description of the current economic situation. I think the pursuit of continuous economic growth without considering the consequences has led to a never ending cycle of money printing and inflation and the hyped up lure of more money and power has blinded some people, resulting in unfair competition and inequality.

Well, As a society, we need to step back and consider the long term effects of our actions. We must strive for sustainable growth that benefits everyone, not just the few. Let's work towards a better future where greed is replaced by compassion and cooperation.